Prediction evidence

Peter Schiff says crypto's support for Trump has made Democrats its enemy, and they'll do whatever they can to go after the industry "Trump's campaign was financed in large part by the crypto industry, and Trump overwhelmingly won the crypto vote by promising to do things specifically to enrich people who own Bitcoin." "You know, I'm gonna establish a Bitcoin reserve. We're gonna use taxpayer money to buy Bitcoin. We're gonna make the United States the Bitcoin capital of the world. I'm a Bitcoin president. I have a Bitcoin cabinet. I have a crypto czar. All the Bitcoin people were enthusiastically supporting Trump because they thought that Trump would make them rich, because Trump was gonna drive up the value of Bitcoin." "The Democrats now are antagonistic, because now they see that Bitcoin is a source of funding for Republicans, a source of votes. So now the Democrats are anti-Bitcoin just for that reason alone, forget about anything else." "They're gonna be very hostile. They're gonna go after Trump's donors. They're gonna go after the industries that support him. They're gonna go after his voters, right? So they're gonna do whatever they can to make things difficult for that industry." "Now, Trump is still the president, but he won't be president for much longer. But a lot of this comes out of Congress. So I think that the tables are gonna turn, and Washington is gonna be more of an enemy than a friend when it comes to Bitcoin."